India's Adani group a consortium of state run companies led by GAIL India and Gujarat State Petroleum Corp are likely to bid for BG Group's 65% stake in Gujarat Gas.

Three sources with direct knowledge of the matter said that the interested companies will submit non binding bids for the stake in the gas distribution company on Tuesday.

Two of the sources said Indian energy major Reliance Industries had been keen on acquiring the stake, but a company spokesman denied any interest in the deal.

It added that two European companies are also expected to submit bids.

(Sourced from Reuters)